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<Research>M Stanley Lists Asian Stocks Benefitting From Low Interest Rates Environment, Including 6 HK Stocks
Recommend 30 Positive 46 Negative 23 |
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Morgan Stanley released a report on the low interest rates investment theme in the Asia-Pacific region, estimating that the US Federal Reserve will cut interest rates by 25 bps at each meeting starting from the September meeting, which is estimated to result in a cumulative cut of 175 bps. However, the broker believed that the US easing cycle does not imply the entry into a new market cycle, nor does it imply a global recession. Morgan also pointed out that a rate cut is not necessarily a good catalyst for buying stocks, and suggested purchasing defensive stocks. Morgan Stanley listed emerging Asia-Pacific stocks that would benefit from the low interest rate environment under global easing. Hong Kong stocks within the list include: TECHTRONIC IND (00669.HK) CHINA RES BEER (00291.HK) CLP HOLDINGS (00002.HK) CHINA RES POWER (00836.HK) MENGNIU DAIRY (02319.HK) MTR CORPORATION (00066.HK) AAStocks Financial News |
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